Related-Party Transactions

3 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Related-Party Transactions

Note 8 — Related-Party Transactions

In the normal course of business, the Company engages in transactions with its equity method investments (Navarino UK and JSAT Mobile), which are considered related-party transactions. The Company recognized revenue from Navarino UK and JSAT Mobile for the three months ended June 30, 2024 and 2023 of $16.8 million and $6.1 million, respectively. The Company received cash of $19.3 million and $5.9 million from Navarino UK and JSAT Mobile for the three months ended June 30, 2024 and 2023, respectively. Accounts receivable from Navarino UK and JSAT Mobile as of June 30, 2024 and March 31, 2024 was $9.6 million and $13.2 million, respectively.